Loss Mitigation Loans. Notwithstanding anything to the contrary herein (other than the tax-related requirements set forth in this Indenture), at any time during or after the Reinvestment Period, at the direction of the Collateral Manager, the Issuer may direct the payment from (a) Interest Proceeds or Principal Proceeds on deposit in the Collection Account or (b) any amounts available for a Permitted Use, any amount required to invest in any Loss Mitigation Loan; provided that the Issuer may only direct Interest Proceeds to be used for such payment if the Collateral Manager has made a determination that the use of such Interest Proceeds for the purchase of such Loss Mitigation Loan will not cause any Secured Debt to fail to receive all accrued interest payable on the subsequent Payment Date to be paid in cash. Any such purchase of a Loss Mitigation Loan will not be required to satisfy any of the Investment Criteria. The Issuer may acquire Restructured Loans so long as, in the Collateral Manager's judgment exercised in accordance with the Collateral Management Agreement, the Collateral Manager reasonably expects that such acquisition will result in better overall recovery with respect to the related Collateral Obligation and no Principal Proceeds are utilized in such acquisition. (f)
Loss Mitigation Loans. Notwithstanding anything to the contrary herein (other than the tax-related requirements set forth in this Indenture), at the direction of the Collateral Manager, the Issuer may direct the payment from (a) Interest Proceeds or Principal Proceeds (subject to the limitations set forth in Section 10.2(h)) on deposit in the Collection Account or (b) any amounts available for a Permitted Use, any amount required to invest in any Loss Mitigation Loan; provided that the Issuer may only direct Interest Proceeds to be used for such payment if the Collateral Manager has made a determination that (i) the use of such Interest Proceeds for the purchase of such Loss Mitigation Loan will not cause any Secured Debt to fail to receive all accrued interest payable on the subsequent Payment Date to be paid in cash or (ii) the purchase of such Loss Mitigation Loan is necessary for the Issuer to realize the value of the workout or restructuring (which certification shall be deemed to be provided upon delivery of an Issuer Order in respect of such exercise). The Issuer may acquire Restructured Loans so long as, in the Collateral Manager’s judgment exercised in accordance with the Collateral Management Agreement, the Collateral Manager reasonably expects that such acquisition will result in better overall recovery with respect to the related Collateral Obligation and no Principal Proceeds are utilized in such acquisition.
